CHECK THESE SAMPLES OF How Bernie Madoff Swindled Billions
bernie madoff was one of the new millennium's post confident, powerful conmen and financial fraudsters.... Many lessons can be learnt from the madoff story.... madoff ran a Ponzi scheme, named after Charles Ponzi, an early twentieth-century investor who used a postage stamp swap scheme to make money but found that the only way to continually make money was to bring in new investors.... What madoff did that set him apart was to run a successful Ponzi scheme for years and to use charisma, charm, intelligence and advanced accounting to keep auditors, regulators and investors at bay....
3 Pages
(750 words)
Essay
That was before bernie madoff turned himself in to his sons, with an ensuing public admission to a $50 billion Ponzi scheme that left many investors, including a handful of mostly Jewish charities, holding the bag and losing their life savings.... The problem with bernie madoff is that he took advantage of this investor mindset for his own financial gain.... bernie madoff's $50 billion ponzi scheme.... On December 11, 2008 the world learned that bernie madoff had turned himself into his sons and made an astonishing admission to single-handedly operating a two-decade-long Ponzi scheme that had left a lot of investors with the startling realization that their investments were full-on exposed to complete financial ruin....
4 Pages
(1000 words)
Case Study
The scam that bernie madoff pulled off hurt a lot of different interest groups.... Bernard madoff was running a Ponzi scheme which was advertised as a legitimate hedge fund investment.... madoff complied with paying dividends to investors, but under false assumptions.... The third type of illegal behavior associated with this scam was that madoff's company was not complying with the generally accepted accounting principles.... madoff was operating was an extremely attractive investment alternative for a lot of individual investors and organizations that were looking to gain a profit from the stock market....
3 Pages
(750 words)
Assignment
Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008” (bernie madoff's Investment Scandal Exposed, 2010).... He was succeeded in defrauding thousands of investors and billions of dollars.... Even though madoff started his fraud activities in the 1980's, he was succeeded in.... On June 29, 2009, madoff was sentenced to 150 years of imprisonment by the court.... This paper briefly explains Bernard madoff's investment securities scandal.
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5 Pages
(1250 words)
Research Paper
bernie madoff, a former chairman of the NASDAQ stock market, investment advisor, and stock broker, was incarcerated in 2009 for illegal business practices.... In bernie madoff's case, by using consistent and somewhat believable returns to investors he was able to maintain his practice for decades.... The use of business safeguards such may have prevented some of the negative impacts of madoff's business practices; and use of good business and investment practices may have prevented much of the losses experienced by private investors....
5 Pages
(1250 words)
Assignment
The underlying purpose of this discussion is to provide the reader with a more informed understanding of the bernie madoff scandal that is considered the largest Ponzi scheme to have occurred in history which has since damaged the reputation of the hedge-fund industry.... According to the research findings, it can, therefore, be said that the bernie madoff Scandal was discovered in 2008 with estimated client losses of up to US$65 billion.... This paper illustrates that the bernie madoff Scandal was discovered by one of the Modoffs' son when Madoff decided to pay up to $7 billion redemptions or bonuses upfront after showing the inability to pay investors....
6 Pages
(1500 words)
Case Study
madoff" paper argues that the failure of madoff's business has exposed several loopholes in the mechanisms employed by SEC and other regulatory authorities in the way they deal with and find frauds.... The madoff investment firm had taken investments from large no.... madoff's firm did not trade on the floor of the NYSE and rather traded in the OTC market.... That is madoff's firms helped retail brokers trade directly with each other without the intervention of an exchange....
11 Pages
(2750 words)
Assignment
In the paper 'Bernard madoff: Anatomy of Greed' the author discusses the case wherein December 2008 the investment community and country at large were rocked by news that Bernard madoff, founder of the Wall Street firm was accused by the government of perpetrating the most massive Ponzi scheme.... The author states that to understand madoff and his illegal practices it makes sense, to begin with, an example and explanation of exactly what is a Ponzi or 'pyramid' scheme....
10 Pages
(2500 words)
Case Study